The stock of Asia-based delivery service Grab Holdings (NASDAQ: GRAB) wasn’t being grabbed by scores of American investors on Hump Day. It’s likely at least some of these folks were aware that the company was the subject of a recommendation downgrade by an analyst, since its stock sank by nearly 4% that trading session. By comparison, the S&P 500‘s (SNPINDEX: ^GSPC) marginal 0.1% decrease was mild.
One institution that seems less eager to grab Grab is global bank HSBC, whose analyst Piyush Choudhary was the one behind the downgrade.
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